May Gst Collections
Is the Indian economy out of the woods?
The central govt mopped up Rs 1.41 tr as GST collection in May, way above the FY22 average of Rs 1.23 tr. Auto sector also reported improved sales. Do these reflect a revival in Indian economy?
 "Is the Indian economy out of the woods?")
GST collections slip below Rs 1.5-trn mark in May despite 44% YoY increase
In April, GST collections had touched a record high of Rs 1.68 trillion, surpassing the Rs 1.5-trillion mark for the first time
 "GST collections slip below Rs 1.5-trn mark in May despite 44% YoY increase")
Amid curbs, GST collection in May drops to Rs 1.02 trn vs Rs 1.4 trn in Apr
However, when compared with the same month last year, the revenues collected in May are 65 per cent higher
 "Amid curbs, GST collection in May drops to Rs 1.02 trn vs Rs 1.4 trn in Apr")
Green shoots of recovery? GST mop-up improves in June, crosses Rs 90,000 cr
However, the rate of decline has come down considerably to just 9.02 per cent from 38.17 per cent in May and 71.63 per cent in April
 "Green shoots of recovery? GST mop-up improves in June, crosses Rs 90,000 cr")
June GST collections at Rs 90,917 cr, up from Rs 62,009 cr mopped up in May
The government had allowed a relaxed time schedule for filing of Goods and Services Tax (GST) returns
 "June GST collections at Rs 90,917 cr, up from Rs 62,009 cr mopped up in May")
The GST structure may be in for an overhaul
Some items will also be removed from the GST exemption list that attracted some form of taxation in the pre-GST regime
 "The GST structure may be in for an overhaul")
GST collections touch Rs 1 trn in May; 7.25 million GSTR-3B returns filed
The gross collection in May at Rs 1,00,289 crore is, however, lower than Rs 1,13,865 crore collected in April
 "GST collections touch Rs 1 trn in May; 7.25 million GSTR-3B returns filed")
